Muni Bond Funds Have 9th Straight Week of Outflows

Tax season has come and gone, yet the run of outflows from municipal bond mutual funds dragged into its ninth straight week.

Muni bond funds that report their flows weekly saw $391 million leave the market for the week of May 1, Lipper FMI numbers showed. The hemorrhaging is up from the week of April 24, when weekly reporting funds saw $102 million in outflows.